Bethlehem, Maryland Property Taxes
The median property tax rate in Bethlehem, MD is 1.08%, slightly higher than both the national median of 0.99% and the Maryland state median of 1.06%. With the median home value in Bethlehem, the typical annual property tax bill reaches $1,576, which is below the national median of $2,690. Property taxes in Bethlehem are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bethlehem's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bethlehem or another part of Caroline County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bethlehem, Maryland Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,120
Ownwell’s Bethlehem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethlehem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethlehem to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bethlehem, Maryland
Property taxes in Bethlehem, Maryland, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethlehem is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Bethlehem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethlehem estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bethlehem's effective property tax rate to other areas in Maryland and the national median. For comparison, the zip code 21609 has the highest median property tax rate of 1.08%, while the same zip code 21609 also has the lowest median tax rate of 1.08%. Understanding how these areas compare with Bethlehem provides valuable insights into the varying tax landscape across Caroline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethlehem Tax Rate
1.08%
Average Caroline County Tax Rate
1.08%
Average Maryland Tax Rate
1.06%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethlehem, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21609 | 1.06% | 1.07% | 1.08% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Bethlehem, Maryland
In Bethlehem, Maryland, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Caroline County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bethlehem, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Bethlehem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 21609 has the highest median tax bill of $1,576, highlighting the importance of staying informed.
Average Bethlehem Assessed Value
$144,300
Average Caroline County Assessed Value
$216,400
Average Maryland Assessed Value
$317,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethlehem, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21609 | $124,790 | $125,825 | $144,300 | $174,100 | $195,520 |
Source: Ownwell
Property Tax Bills Across Bethlehem, Maryland
In Bethlehem, Caroline County, MD, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Bethlehem typically face property tax rates that are influenced by various factors, including the property's location and the local government's budgetary needs. For instance, the median home price in Bethlehem is $144,300. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,365 and the 75th percentile tax bill at $1,888. For those at the higher end, the 90th percentile tax bill reaches up to $2,098. The highest median tax bill recorded in the area is $1,576, which aligns with the lowest median tax bill, indicating a consistent taxation approach within the zip code 21609. These property tax bills directly impact homeowners by influencing their annual housing costs. Understanding how these taxes are calculated can help residents manage their finances more effectively and plan for future expenses.
Average Bethlehem Tax Bill
$1,576
Average Caroline County Tax Bill
$2,469
Average Maryland Tax Bill
$3,419
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethlehem, Maryland
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 21609 | $1,336 | $1,365 | $1,576 | $1,888 | $2,098 |
Source: Ownwell